[Bon of Babble]

I thought hiring the Obamas was going to boost subscribers and uplift content.

What went wrong?

[Presbyterian Reporter]

WOW!!!!!!!

I did not realize how catastropic the plunge has been. Down almost $500 per share in just over 5 months.

52 Week Range
212.51
04/20/2022

700.99
11/17/2021

[Flick Lives]

I would cancel my Netflix, but i canceled it months ago with the “Cuties” fiasco. There’s enough stuff on other streaming services I don’t need Netflix and I haven’t missed it.

[noiseman]

Netflix’s problem is that they decided several years ago to prioritize creating their own content over providing a large library of old and new movies from other studios. It quickly became boring, and now it seems that almost everything new that they provide is produced by them, while the library of older films continues to stagnate and even shrink. It certainly hasn’t helped that most of the Netflix-produced movies have been mediocre at best. And it also hasn’t helped that as they were force-feeding their customers their own poor content, they were also raising the price of the service.

This is a classic case of the company focusing first on what they think is best for the company, rather than on what is best for the customer.

[oldplayer]

When the ubama family deal was announced, I cancelled the same day.

[MrBambaLaMamba]

[fireman15]

We cut the cord with cable programming several years ago and have been streaming exclusively since. Netflix was the first streaming service we used even before we completely ditched cable and satellite. At first streaming was a free add on that was provided when you subscribed to Netflix’s mail-based DVD rental service.

Our first dedicated streaming device was a Roku, then we got a first-generation Chromecast stick, and a Blu-ray player with Netflix streaming built in. When we first started streaming exclusively... an AppleTV box was included for “free” when we signed up for “DirecTV Now”. When “DirecTV Now” was first introduced the same programming as cable was much less expensive and we were able to get it all at two different houses with only one account.

We ended up switching to Amazon FireTV and FireTV sticks after the AppleTV was repeatedly targeted by people using them to mine Bitcoin. It would start running slowly and getting hot.

It sounds like a lot of money spent on streaming devices but actually they saved so much money compared to cable that they typically “pay for themselves” within a couple of months. This is partially because we use the same accounts and services at two houses and also share with my elderly parents. My parents didn’t like them at first compared to the cable box but every time Comcast kept jacking up the price and taking away channels that they liked my dad would call me and whine about it, so they made the switch and have been doing fine with it for a couple years now. The only problem that they have had is that they used to leave a couple TVs on basically 24 hours a day. If you do that with a high definition streaming service it eats up so much bandwidth that Comcast will charge extra.

We dumped Netflix the last time they jacked up the price... again. It is no longer competitive with some of the other similar services available. It is strange to me that the high paid fools that they hire to run these companies believe that they can just keep raising the prices and no one will notice that other services are now a better value. It isn’t rocket science.

[fireman15]

I would note also that “DirecTV Now” which was a streaming service designed to directly compete with Cable TV programming suffered a similar fate. They started out with very competitive prices and features but some annoying glitches. Their initial customers like us were actually bargain hunting beta testers. As soon as they started getting things ironed out they began jacking up the prices after initially promising early adopters that they would not.

This caused people like us to shop around for newly introduced similar services and they lost millions of customers. Their valuation and stock prices which were based on continued growth... plummeted. AT&T which had bought out DirecTV was sued for manipulating subscriber numbers by various questionable means.

[Vaduz]

Propaganda received a No Sale sign